New Orleans, LA Home Values & Market Trends

Real estate market trends reflect that there have been 3,953 transactions over the past year in New Orleans. The median value for residential home transactions that occurred over the previous year is $354,150. The number of current listings in New Orleans is 851, and the percentage of properties for sale in the city is 851.00%. New Orleans, LA currently has 241 properties in foreclosure, 62 bank owned properties, 179 properties headed for auction, and 851 properties for sale.

New Orleans, LA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
70117

$ 298,599

$ 191/sqft

70126

$ 170,650

$ 110/sqft

70117

$ 298,599

$ 191/sqft

70126

$ 170,650

$ 110/sqft

70124

$ 518,000

$ 248/sqft

70112

$ 313,820

$ 401/sqft

70124

$ 518,000

$ 248/sqft

70112

$ 313,820

$ 401/sqft

70122

$ 275,000

$ 153/sqft

70127

$ 180,000

$ 108/sqft

70122

$ 275,000

$ 153/sqft

70121

$ 315,000

$ 170/sqft

70115

$ 554,526

$ 290/sqft

70127

$ 180,000

$ 108/sqft

70115

$ 554,526

$ 290/sqft

70121

$ 315,000

$ 170/sqft

70118

$ 449,657

$ 240/sqft

70129

$ 279,000

$ 112/sqft

70118

$ 449,657

$ 240/sqft

70129

$ 279,000

$ 112/sqft

70119

$ 399,000

$ 211/sqft

70113

$ 483,325

$ 423/sqft

70119

$ 399,000

$ 211/sqft

70113

$ 483,325

$ 423/sqft

70130

$ 450,000

$ 357/sqft

70128

$ 169,000

$ 87/sqft

70130

$ 450,000

$ 357/sqft

70128

$ 169,000

$ 87/sqft

70116

$ 371,250

$ 340/sqft

70163

$ --

$ --

70116

$ 371,250

$ 340/sqft

70146

$ --

$ --

70131

$ 263,840

$ 124/sqft

70141

$ --

$ --

70131

$ 263,840

$ 124/sqft

70139

$ --

$ --

70123

$ 415,000

$ 189/sqft

70170

$ --

$ --

70123

$ 415,000

$ 189/sqft

70163

$ --

$ --

70125

$ 379,111

$ 198/sqft

70146

$ --

$ --

70125

$ 379,111

$ 198/sqft

70141

$ --

$ --

70114

$ 288,001

$ 149/sqft

70139

$ --

$ --

70114

$ 288,001

$ 149/sqft

70170

$ --

$ --

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Housing Market Summary for New Orleans, LA

Feb 2024January 2025Change
Median Listing Price$349K$360K3.15%
Median Sold Price$283K$286K1.04%
Homes For Sale59179133.84%
Homes Sold1,7731,723-2.82%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in New Orleans, LA

New Orleans home values range from $21,242 to $7,077,700. The median estimated value of a home in New Orleans is $354,150. The median list price of a home is 372,000, and the total count of properties in the city is 3,025.

Foreclosure
There are 48 zips within New Orleans, LA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,529,452 in 70128 to the lowest value of $53,716 in 70128. Foreclosure homes account for 7.00% of properties in New Orleans, LA with 70117 containing 28 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in New Orleans, LA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 48 zips within New Orleans, LA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Orleans, LA ranges from the highest value of $502,000 in 70115 to the lowest value of $53,716 in 70128. Bank owned homes and properties account for 2.05% of properties in New Orleans, LA. There are 48 zips within New Orleans, LA; 70117 containing 12 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    70122 has 22 auction properties, the highest number of properties going to auction in a single zip in the state of New Orleans, LA. Auction homes and other auction properties account for 5.92% of all properties in New Orleans, LA. There are 48 zips within New Orleans, LA; of those zips, the median estimated home value for homes going to auction ranges from $994,890 in 70130 to the lowest value of $70,900 in 70130.
Homes for Sale
Homes and properties that are actively listed for sale account for 28.13% of residential properties in New Orleans, LA with 70117 containing 91 homes for sale, the highest number of listed properties in a single zip. There are 48 zips within New Orleans, LA; homes for sale in those zips, have a range of median values from $1,890,000 in 70113 to the lowest value of $49,990 in 70128.
    Sold Homes
    The median value for recently sold homes ranges from $1,615,073 in 70124 to the lowest price of $21,242 in 70124. There are 48 zips within New Orleans, LA. 70115 has 227 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 55.93% of properties in New Orleans, LA.

      Compare Nearby Cities

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      Guide for New Orleans, LA

      Market Reports
      Overview of Real Estate Trends in New Orleans, LA – Feb 2024
      Louisiana
      Shreveport Real Estate Sees Modest Growth as Supply Tightens in June 2024
      Market Reports
      Shreveport Property Values Climbing, Average Hits $184,750 in May 2024
      Market Reports
      Baton Rouge, LA Real Estate Market Report – March 2024
      See More Articles
      Overview of Real Estate Trends in New Orleans, LA – Feb 2024
      Market Reports|posted 29 February 2024
      Shreveport Real Estate Sees Modest Growth as Supply Tightens in June 2024
      Louisiana|posted 12 July 2024
      Shreveport Property Values Climbing, Average Hits $184,750 in May 2024
      Market Reports|posted 3 June 2024
      Baton Rouge, LA Real Estate Market Report – March 2024
      Market Reports|posted 18 March 2024